Rare Earth Investing News » Alloy Capital Corp. Announces Letter of Intent for Acquisition of Lancaster Exploration Ltd.

Alloy Capital Corp. Announces Letter of Intent for Acquisition of Lancaster Exploration Ltd.

August 30, 2010 @ 3:03 pm In Rare Earth Company News

Alloy Capital Corp. (CVE:AYL.P) announced that it has entered into a letter of intent dated August 16, 2010 to acquire, directly or indirectly, Lancaster Exploration Limited.

The press release is quoted as saying:

Lancaster's primary business is the exploration for rare earth elements and associated minerals in the Republic of Malawi. Lancaster holds a 100% interest in an exclusive prospecting license over an area of 1,283 km2 in southeast Malawi.

Click here to access the entire press release ^[1]

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[1] Click here to access the entire press release: http://www.marketwire.com/press-release/Alloy-Capital-Corp-Announces-Letter-Intent-Acquisition-Lancaster-Exploration-Ltd-as-TSX-VENTURE-AYL.P-1311114.htm